The United States and its NAFTA partners are stepping up efforts to reach a tentative deal in the coming days — with one Mexican minister saying a pact is “reasonably close” while the United States prepares for talks with China.
April 27, 2018Business
Orders for Capital Equipment in March Ease Unexpectedly
Orders placed with U.S. factories for business equipment eased unexpectedly last month after a smaller February advance, indicating a more moderate pace of capital spending, a Commerce Department report showed April 26
April 26, 2018Business
Jobless Claims Decline on Return of New York School Workers
U.S. filings for unemployment benefits plunged to the lowest level since 1969, mainly reflecting the return of educational service workers in New York state, figures showed April 26.
April 26, 2018Business
World Trade Momentum Wobbles After Best Month in Seven Years
Global trade momentum slipped in February, easing after recording its best month in more than seven years.
April 25, 2018Business
Consumer Confidence Rebounds as Homebuying Plans Hit Record
U.S. consumer confidence unexpectedly rose in April to the second-highest level since 2000 as Americans grew more upbeat about both current conditions and the economic outlook, according to figures April 24 from the New York-based Conference Board.
April 24, 2018BusinessEquipment
Caterpillar Gives Vote of Confidence to Global Economy
Caterpillar Inc. raised its earnings forecast in a sign that industries from mining to energy are gaining momentum amid a stronger global economy — assuming no trade wars.
April 24, 2018Business
Sales of New Homes Advance to Four-Month High
U.S. new-home sales increased in March to a four- month high, mainly reflecting a surge in the West, and upward revisions to prior months showed stronger first-quarter demand than previously estimated, according to government data released April 24.
April 24, 2018Business
Existing-Home Sales Rise as Properties Draw Quick Bids
Sales of previously owned U.S. homes rose to a four-month high as buyers, fueled by a solid job market and tax cuts, quickly snapped up the limited number of available properties, National Association of Realtors data showed April 23.
April 23, 2018Business
IMF Communique Reveals Trade, Debt Seen as Threats to Global Growth
The global growth outlook faces rising threats from trade tensions and mounting debt despite a strengthening and “increasingly broad-based” expansion at the moment, according to a statement from world finance ministers and central bankers.
April 23, 2018Business
Global Finance Chiefs Told Trade Tensions Are Hitting Confidence
Trade tensions between the United States and China risk eroding business and investor confidence, even as global growth enjoys its best upswing in years.
April 20, 2018